Form 4: Carnival PLC: CEO Joshua Weinstein Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Joshua Weinstein reports the withholding of trust shares to cover taxes associated with vesting of time-based restricted stock units.
Summary
- On April 22, 2025, Carnival PLC's CEO, Joshua Weinstein, reported changes in his beneficial ownership of the company's securities.
- These changes involve the withholding of 22,052 trust shares at a price of $17.6205 per share to cover taxes associated with the vesting of time-based restricted stock units.
- Following the transaction, Weinstein beneficially owns 716,222.228 trust shares.
- The trust shares are related to the dual listed company transaction between Carnival PLC and Carnival Corporation, representing a beneficial interest in the Carnival PLC special voting share.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions, and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings of key executives and their transactions in the company's stock.
Comparison to Industry Standards
- Executive compensation practices, including the use of restricted stock units and tax withholding, are standard across publicly traded companies.
- Companies like Royal Caribbean and Norwegian Cruise Line also utilize similar compensation structures for their executives.
- Form 4 filings are a standard regulatory requirement for reporting changes in beneficial ownership, ensuring transparency for investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily concerns the executive's tax obligations related to stock compensation.
- It provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| April 17, 2003 | Completion of the dual listed company transaction between Carnival plc and Carnival Corporation. |
| April 8, 2024 | Date of grant for the time-based restricted stock units. |
| April 22, 2025 | Date of the reported transaction involving the withholding of trust shares. |
| April 24, 2025 | Date of signature for the Form 4 filing. |
Keywords
beneficial ownership, Carnival PLC, Joshua Weinstein, trust shares, restricted stock units, tax withholding, Form 4, securities
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